Friday, November 22, 2019
How to Determine Maturity Date if Letter of Credit States That Tenor of the L/C is 60 Days After Bill of Lading Issue Date?

How to Determine Maturity Date if Letter of Credit States That Tenor of the...

Maturity date is a term related to a time draft. A time draft is a form of payment that is guaranteed by an issuing bank,...

How Does a Bill of Exchange Work?

Bill of exchange, which is also known as draft, is a financial document commonly used in international trade transactions. According to UK's Bill of Exchange...
sample bill of exchange

Sample Bill of Exchange

On this page, you can find a sample "Bill of Exchange", which is drawn under a typical letter of credit transaction. Bill of exchange can...
bill of exchange

Bill of Exchange

On this page, I will try to explain "Bill of Exchange" and its applications in letters of credit. Banks mention "Bill of Exchange" as "Draft"...
letter of credit documents

Letter of Credit Documents

After reading this post, you should understand why documentation is very important under letters of credit. Additionally, most frequently used document links have been supplied...
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